A new era for savings? The Lisa and its potential impact

  • Gain an understanding of the history of Isas
  • Grasp: How the Lisa is likely to affect other aspects of retirement saving
  • Be able to describe the views and predictions of retirement professionals
A new era for savings? The Lisa and its potential impact

When news first broke of former chancellor Gordon Brown’s plans to replace Personal Equity Plans (Peps) in the 1999 Budget, the reaction was less than favourable.

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  1. What does Richard Parkin think about the Treasury's estimates about the number of people who will take out a Lisa?

  2. What is one of the biggest potential drawbacks of the Lisa according to Jon Greer?

  3. Which two things did the FCA instruct providers to warn consumers about when they launch their own Lisa products?

  4. How would Mr Selby's single-product alternative to the Lifetime Isa work?

  5. What did Isas replace when they were introduced in 1999?

  6. What was described as "the conspiracy theorists fear"?

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